Two of my favorite topics of conversation – aliens and inflation – happened to both make it to mainstream discussion this month. I see some interesting similarities in these two mysterious subjects. There are trillions of stars. So it stands…Read More
Elon is here and he brought Tesla. It seems like a new celebrity or ultra-wealthy tech investor moves to Austin every week, and I hear casual Austin references in podcasts so often I barely take note anymore. This type of…Read More
You may have read a dozen articles about Game Stop last week, or maybe none, but you probably heard the buzz: regular folks getting rich and hedge funds losing billions. There is much to learn from the story that created…Read More
We have been studying Bitcoin for a few years, trying to understand it from many angles to figure out why, how and when it might make sense to buy. ‘Because the price of Bitcoin has gone up dramatically’ is not…Read More
When you hear someone reference “the market”, they probably mean the S&P 500 index, at least here in the United States. It is a list of 500 companies (actually 505) selected by the US Index Committee that are meant to…Read More
My kids are 3, 7, and 9. The first money concept I tried to teach them is that money does not fall from the sky, but Congress and the Federal Reserve keep proving me wrong. The older kids seem to…Read More
I spend most of my time helping people think about their investing decisions and not much time on my own. An old saying goes “the cobbler’s son has the worst shoes in town”, or something like that. Rather than my…Read More
How did the stock market do after election day? Remarkably similar to four years ago. 2020 Post-Election Global Stock Index 2016 Post-Election Global Stock Index If you predicted Joe Biden would win a contested election with a (possibly) split Congress…Read More
Predicting the future is out of the question, but developing reasonable expectations for planning purposes is necessary. Calculating expected returns on investments is a difficult task, but fairly simple models have been accurate enough to help with long term planning….Read More
I almost got tripped up by the sunk cost fallacy. Almost! This is a public service announcement to help others avoid a costly mistake. A sunk cost is the time and/or money already spent. It’s done. For example, you spent…Read More
